[Economic Indicators February, 2003]
[Page Number 7]
[From the U.S. Government Publishing Office, www.gpo.gov]
FARM INCOME
In the fourth quarter of 2002, according to preliminary estimates, gross
farm income rose $33.0 billion (annual rate) and net farm income rose
$33.9 billion.
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[Billions of dollars; quarterly data at seasonally adjusted annual rates]
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Income of farm operators from farming
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Gross farm income
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Period Cash marketing receipts
--------------------------------------- Value of Direct Production Net farm
Total \1\ Livestock inventory Government expenses income
Total and Crops \2\ changes \3\ payments \4\
products
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1993 .......................................... 205.0 178.2 90.5 87.7 -4.2 13.4 160.4 44.7
1994 .......................................... 216.0 181.3 88.3 93.0 8.3 7.9 167.2 48.9
1995 .......................................... 210.8 188.0 87.2 100.8 -5.0 7.3 173.8 36.9
1996 .......................................... 235.8 199.3 92.9 106.3 7.9 7.3 181.0 54.8
1997 .......................................... 238.1 207.7 96.5 111.2 .6 7.5 187.6 50.5
1998 .......................................... 232.1 196.0 94.1 101.9 -.6 12.4 186.5 45.6
1999 .......................................... 234.5 187.5 95.6 91.9 -.3 21.5 188.3 46.2
2000 .......................................... 241.7 193.7 99.6 94.1 .1 22.9 193.7 48.0
2001 .......................................... 246.5 202.8 106.4 96.4 -3.2 20.7 200.8 45.7
2002 p......................................... 230.9 193.5 95.9 97.6 -2.8 13.1 198.5 32.4
2000:I ........................................ 233.3 191.5 99.2 92.3 .2 16.6 199.0 34.3
II ...................................... 239.6 200.9 100.1 100.8 .1 13.5 205.3 34.3
III ..................................... 235.4 200.7 100.3 100.4 .1 9.7 191.6 43.9
IV ...................................... 258.5 181.6 98.5 83.1 .1 51.7 178.8 79.8
2001: I r...................................... 236.8 199.6 105.2 94.4 -4.0 15.1 202.5 34.3
II r..................................... 237.3 202.7 105.8 96.9 -3.8 12.3 208.8 28.4
III r.................................... 234.8 202.8 105.9 96.9 -2.8 8.8 200.2 34.6
IV r..................................... 277.2 206.3 108.8 97.5 -2.2 46.8 191.5 85.7
2002: I r...................................... 222.2 189.1 98.3 90.8 -3.5 9.5 197.9 24.4
II r..................................... 222.9 191.4 92.7 98.7 -3.3 7.8 203.4 19.6
III r.................................... 222.8 192.7 90.8 101.9 -2.5 5.5 196.9 25.9
IV p..................................... 255.8 200.9 101.7 99.2 -2.0 29.7 196.0 59.8
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\1\ Cash marketing receipts,
Government payments, value of
changes in inventories, other farm
related cash income, and nonmoney
income produced by farms including
imputed rent of operator residences.
\2\ Crop receipts include
proceeds received from commodities
placed under Commodity Credit
Corporation loans.
\3\ Physical changes in
beginning and ending year
inventories of crop and livestock
commodities valued at weighted
average market prices during the
period.
\4\ Includes only Government
payments made directly to farmers.
Note.--Quarterly data plotted
for 1992 and 1993 in chart do not
reflect revisions to annual data in
table.
Source: Department of
Agriculture.